President Ilham Aliyev approved the road map for the development of the tourism industry, the implementation of which will open 25,000 new jobs by 2020.
The document reflects the 16 priority areas of tourism development in Baku and regions of the country. The coordination tasks will be promoted by the National Tourism Bureau, which will be created in 2017.
If the government can achieve its objectives, real GDP growth from tourism will amount to 465 million manat in 2020.
The government expects growth in the number of foreign tourists mainly from Iran, the Persian Gulf countries, Russia, etc. By 2020, the number of overnight stays in hotels of Baku will increase from 0.8 million (2015) to 3.65 million / day, and average length of stay in hotels - from 2 to 3 days. In general, as a result of the planned measures the number of foreign tourists in Baku is up to 900 thousand people (in 2015 - 0.5 million).
The level of filling of health facilities in Naftalan in 2020 will amount to 60%, an increase of 15% by paragraph. For this transport communication will be developed between Baku and Naftalan, including railway connection. -----08D.
Economics
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On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
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In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
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In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
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Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
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